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PLAN - Anaplan: Soft Billings Growth CGO Leaving The Market Overreacting
Anaplan Inc.
Anaplan (PLAN) experienced a significant slowdown in its billings growth from around 50% in recent quarters to roughly 25% in its last reported quarter, or Q4 2020. Adding to this, Mark Anderson, its Chief Growth Officer is leaving the company after only six months in the role. In response to this, the stock has fallen 41% as investors feared that revenue growth will mirror billings growth in the next quarters and that the departure of the recently hired CGO has deeper implications. In fact, prior to the last earnings report, the forward EV/S